This property looks like a bad Mid-Term investment with a projected -0.15% first-year return on $116k initial cash invested.
-0.15%
Cash On Cash
6.94%
Cap Rate
1.07
DSCR
$4,845
Rent
-$15
Cashflow
Cash Flow
$4,845 income − $4,860 expenses = $15 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,700
Closing costs
1%
$4,685
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,845
Total Expenses
$4,860
Mortgage P&I
52%
$2,531
Property Taxes
11%
$518
Home Insurance
3%
$164
HOA
0%
$0
Property Management
12%
$581
CapEx
4%
$194
Vacancy
3%
$145
Maintenance
4%
$194
Other
11%
$533